R.C. Market Report 1.21

• Today: Strong comeback today led by financials and oil. We got close but failed to engulf yesterday's candle.

• Tomorrow: Technicals remain unchanged. Current downtrend is still intact. Fundamentals remain unchanged. Today's batch of positive news didn't contain any resolutions. However, today's bullish action did put us in a position to go into rangebound trading opposed to free-falling. I still see the market heading lower but with days like today, the likelihood of the Nov. low support holding increases.